February2022Globaltradegrowthacceleratedduringthelastquarterof2021butisexpectedtoslowinQ12022.DuringQ42021,tradeingoodsremainedstrongandtradeinservicesfinallyreturnedtoitspre-pandemiclevels.Developingcountries’tradeoutperformedthatofdevelopedcountriesinQ42021.South-Southtradegrowthwasabovetheglobalaverage.Globaltradereachedarecordhighin2021,aboutUS$28.5trillion;anincreaseofalmost13percentrelativetopre-pandemiclevels.GlobaltradecontinuestogrowSource:UNCTADestimatesbasedonnationalstatistics.Note:Dataexcludesservices.Tradegrows,andsodotradeimbalancesTradebalanceaspercentageofglobaltrade1.20.40.30.50.40.6113.54.5-4.3-0.7-0.6-0.5-0.6-0.8-0.3-0.20-5.2UnitedSta...